Ferrari
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph AR 12
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- Provide a detailed explanation of any significant changes to the policies adopted during the reporting year, specifically in relation to Disclosure Requirement S2-5. This should include the process for setting targets concerning the management of material negative impacts, the advancement of positive impacts, and the management of material risks and opportunities. Additionally, clarify whether and how the undertaking engaged directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation, as outlined in Disclosure Requirement S2-1. Include any new expectations for suppliers or new approaches to due diligence and remedy.
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Question Id: S2-1_10
Ferrari is in the process of structuring an ESG Due Diligence activity on its suppliers, however, it has not yet formalized a specific action plan to address the material impacts, risks, and opportunities on all workers in the value chain. The Drive Sustainability questionnaire and the Compliance Evaluation are preliminary activities for a more structured ESG Due Diligence activity aimed at preventing potential negative impacts on workers along the value chain. Before entering into any form of commercial collaboration with a supplier, Ferrari undertakes a thorough assessment through the Compliance Evaluation process, which allows the company to analyze the supplier from multiple angles, ensuring that it meets high ethical and legal standards.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking disclosed the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, specifically detailing whether and how it engaged directly with workers in the value chain, their legitimate representatives, or credible proxies to identify any lessons or improvements resulting from the undertaking's performance?
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Question Id: S2-5_03
Our current practice does not entail the direct involvement of value chain workers or their representatives in the assessment of impacts, both actual and potential, that might affect them. Instead, we focus on the interaction and dialogue with the representatives of the companies for which these workers work.
Report Date: 4Q2024Relevance: 50%